Business Developments & Projects
‘Critical milestone’ for Scotland’s floating LNG import terminal as British firm wins engineering design job
Crown LNG Holdings has picked a partner for the design and engineering of its planned FSRU import terminal in Scotland’s Firth of Forth.
ConocoPhillips secures multi-year LNG supply for Europe and Asia
ConocoPhillips has disclosed two long-term strategic agreements, enabling it to supply liquefied natural gas (LNG) to the European and Asian markets from 2027.
With 58 new additions to its order book, GTT more than doubles net profit
GTT has disclosed its semi-annual results, identifying higher revenues as one of the reasons for a two-fold growth in net income.
UK firm to perform subsea inspections offshore Brazil
UK provider of remotely deployed subsea inspections TSC Subsea has secured a multi-year contract with an undisclosed operator to deliver subsea inspection of insulated flexible pipes in the pre-salt region offshore Brazil. Under the contract seen as “significant”, TSC Subsea is in charge of performi
EnBW markets green ammonia from SkiGA project in Norway
EnBW is starting to market 100,000 metric tons of green ammonia from the SkiGA project in Norway.
‘World-first electricity grid-scale wave energy device’ hits the water off Hawaii
Marine hydrokinetics pioneer Ocean Energy USA, a wholly owned subsidiary of Ocean Energy Group Ireland, has deployed what is said to be the world’s first electricity grid-scale wave energy device at the U.S. Navy’s test site in Hawaii. The 826-ton wave energy convertor buoy, the OE-35, was deployed
Transocean rigs fetch $656 million for eight drilling gigs
Transocean has landed multi-million contracts and extensions in the U.S. Gulf of Mexico, Norway, Australia, and Brazil for seven floaters, encompassing four drillships and three semi-submersible rigs.
Helmerich & Payne’s $2 billion KCA Deutag acquisition secures rig fleet boost and top spot in largest oil & gas regions
In pursuit of further growth and diversification, Helmerich & Payne (H&P) has embarked on a business combination with KCA Deutag.
Oil & gas production uptick sets the scene for ‘solid’ financial performance as Equinor bolsters low-carbon shift with spike in renewables
Equinor has maintained a stable net profit in Q2 2024, with a drop quarter on quarter but a slight increase compared to the same period 2023.
Perforations at Trillion’s Black Sea gas field yield mixed results
Canada’s Trillion Energy has shared the latest information on the flow rates and well perforations at its gas field off the coast of Türkiye.
Rovco wins survey work on Green Volt floating wind farm offshore Scotland
Rovco has been selected to conduct site characterization operations on the Green Volt floating offshore wind farm project in Scotland. UK-based company will focus on geophysical surveys in the offshore wind farm array area, offshore and nearshore export cable corridors, shallow Piezocone Penetration
FPSO staying in Scotland’s Orkney Islands for revamp ahead of redeployment to UK firm’s flagship North Sea oil project
A 2017-built FPSO, destined to work on a redevelopment project in the North Sea, will spend up to a year in Scapa Flow, according to Orkney Harbour Authority.
UK’s state-owned clean energy firm, Crown Estate to back offshore wind, CCS, hydrogen, marine energy projects
The UK government will today (July 25) introduce a bill to establish Great British Energy, a publicly owned clean energy company. Ahead of issuing the bill, the government revealed a partnership between the new company and The Crown Estate. The tie-up is said to lead to 20-30 GW in new offshore wind
Second Jan De Nul XL cable layer named after ‘scientific genius’
Jan De Nul has named its new XL cable-laying vessel (CLV), identical to the Fleeming Jenkin ordered last year, after the Irish physicist William Thomson. William Thomson, ordered earlier this year, will have three carousels and a cable-carrying capacity of 28,000 tonnes, the same as the previously o